Bybit Web3 Revolutionizes Bitcoin with Industry-Leading Layer 2 Airdrop

Bybit Web3, an extension of one of the world's leading crypto exchanges, Bybit, has launched the industry's first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade. This pioneering initiative aims to catalyze the adoption of Bitcoin Layer 2 solutions by offering exclusive airdrop rewards and a streamlined journey into the dynamic Bitcoin Layer 2 ecosystem. The campaign marks a pivotal moment for the cryptocurrency industry, offering a comprehensive on-chain experience and targeting a wide range of users from DeFi veterans to CEX users. Bybit Web3's collaboration with leading Layer 2 protocols, such as BEVM, B² Network, Mirror Staking Protocol, and Tuna Chain, further drives innovation and democratizes access to this transformative technology.

Bybit Web3 Ushers in a New Bitcoin Era with Industry-First Layer 2 Airdrop Campaign

April 26, 2024

Singapore - Trailblazing the path towards a transformative Bitcoin landscape, Bybit Web3, the decentralized arm of Bybit, the world's third-largest crypto exchange by volume, proudly unveils the industry's first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade.

A Catalyst for Mass Adoption

This pioneering endeavor is a strategic move to accelerate the widespread adoption of Bitcoin Layer 2 solutions by incentivizing users with exclusive airdrop rewards and providing a seamless gateway into this dynamic ecosystem. Bybit Web3 aims to empower the broader market with knowledge and accelerate the integration of this ground-breaking technology.

Ben Zhou, Co-founder and CEO of Bybit, expressed his enthusiasm for the groundbreaking developments in Bitcoin Layer 2 technology:

"Bitcoin Layer 2 solutions represent a monumental advancement for the Bitcoin ecosystem, paving the way for faster, cheaper, and more scalable transactions. This aligns perfectly with Bybit Web3's vision of fostering a simpler, open, and decentralized ecosystem. We are delighted to collaborate with leading Layer 2 protocols to democratize access to this transformative technology."

Unlocking a New Frontier

The Airdrop Arcade's Bitcoin Layer2 Season presents a gateway to the world of Bitcoin Layer 2, offering:

• Early Bird TGE Airdrops: Exclusive token rewards from prominent Layer 2 protocols before their official launch.
• Streamlined Airdrop Participation: Uncomplicated and secure entry into Token Generation Events (TGEs) with an ever-expanding prize pool.
• Comprehensive On-Chain Experience: A comprehensive on-chain experience encompassing DeFi, NFTs, and more.

Partnerships Fueling Innovation

Bybit Web3 has forged strategic partnerships with some of the most cutting-edge Bitcoin Layer 2 protocols, propelling the campaign forward:

• BEVM: The first EVM-compatible Bitcoin Layer 2 based on Taproot, utilizing BTC as gas. BEVM aims to bring 10% of Bitcoin transactions onto its Layer 2 solution. With over 100,000 addresses, 9 million transactions, and 30+ projects on its Canary Network, BEVM is making significant strides.
• B² Network: The most practical Bitcoin Layer 2 network, featuring the first EVM-compatible Rollup based on zero-knowledge proof verification commitment on Bitcoin.
• Mirror Staking Protocol: The pioneering decentralized cross-chain staking solution, providing truly decentralized and secure Bitcoin staking for Proof-of-Stake (PoS) Layer 1 and Layer 2 projects.
• Tuna Chain: The first modular Layer 2 solution on Bitcoin, offering a native stablecoin and a Hybrid ZK-OP solution, seamlessly merging Bitcoin's security with Ethereum's versatility.

Substantial Airdrop Rewards

Participants in the Bitcoin Layer 2 Season have the opportunity to claim a share of the substantial prize pool exceeding $400,000 USD in TGE tokens. These rewards encompass original protocol tokens and airdrops from various decentralized applications (dApps) built on these Layer 2 solutions.

For detailed campaign information and participation instructions, visit: https://www.bybit.com/en/web3/airdrop

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We welcome builders, creators, and partners in the blockchain space, fostering a community of over 1 million wallet users and 10 major ecosystem partners, with more collaborations on the horizon.

Bybit Web3 offers a comprehensive suite of Web3 products, designed to make accessing, swapping, collecting, and growing Web3 assets as accessible and straightforward as possible. Our wallets, marketplaces, and platforms are backed by the security and expertise that have established Bybit as a top 3 global crypto exchange, trusted by 25 million users worldwide.

Join the revolution now and embark on your Web3 journey with Bybit.

For more details, visit Bybit Web3.

About Bybit

Bybit is a global cryptocurrency exchange established in 2018, ranking among the world's top three exchanges by trading volume. Bybit offers a professional platform where crypto investors and traders can experience an ultra-fast matching engine, 24/7 customer support, and multilingual community support. Bybit is the proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.

For more details, visit Bybit Press.

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